Rainbow Children Medicare IPO: The initial public offering, or IPO, of multi-specialty pediatric and obstetrics and gynecology hospital chain Rainbow Children’s Hospital Ltd. received a good response from bidders across the country. R. first issue ofAnbo Children Medicare It was subscribed 12.43 percent till the last day of its inauguration. The response was mainly supported by qualified institutional buyers.
The company had issued its Rs 1,581 crore IPO on April 27 and sold shares to bidders at a price of Rs 516-542. The QIB portion was subscribed 38.9 times of the share earmarked for the category, while non-institutional investors bid for 3.73 times the share earmarked for them. Oversubscription of 1.38 times seen in Retail Personal category Rainbow Children’s Medicare IPO.
Rainbow Children Medicare IPO Allotment Status
expected date for Rainbow Children Medicare IPO The allotment is 5th May 2022. Therefore, those who have applied for a public issue of Rs 1,595 crore are advised to check their application status online by logging into the official website of BSE or the website of the official registrar of IPOs. official registrar of IPO Keffin Technologies Ltd.
How to Check Rainbow Children Medicare IPO Allotment Status through BSE Website
1]Log on to the direct link of BSE website-bseindia.com/investors/appli_check.aspx;
2]Choose Rainbow Children Medicare IPO;
3]Enter your Rainbow Children Medicare IPO Application Number;
4]Enter your PAN details;
5]Click on ‘I am not a robot’; And
6]Click on the ‘Submit’ button.
Your Rainbow Children Medicare IPO allocation status will be available on the computer monitor or on the smartphone screen only when the allocation is done.
How to Check Rainbow Children’s Medicare IPO Allotment Status Through the Registrar’s Website
1]Log in directly to the KFintech link — kprism.kfintech.com/ipostatus/;
2]Now, choose Rainbow Children Medicare IPO;
3]Select either Application Number or DPID/Client ID or PAN (Let’s take Application Number);
4]Once this is done, enter your Rainbow Children Medicare IPO Application Number;
5]After this you have to fill the Captcha; And
6]Now, hit the ‘Submit’ button
Rainbow Children’s IPO: What GMP Suggests on Listing Benefits
Unlisted shares of Rainbow Children’s Medicare IPO were paying a premium of Rs 40 in the gray market on Wednesday. It was the same as yesterday’s gray market premium. Rainbow Children’s Medicare IPO GMP indicated that the public offering would open in positive territory. Rainbow Children Medicare IPO will be listed on NSE and BSE on May 10.
“Rainbow Children Medicare Ltd. IPO Ltd. received moderate response. However, QIB quota received a good response. The allocation for retail investors should likely be very high. The company has given stable numbers and valuations look in line with peers. Expected listing gains Should be around 5-10 per cent.Abhay Doshi, Founder, UnlistedArena.com, said if the market sentiment improves before listing, there is scope for further upside in expectations.
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